Global Water Resources: SVP John Carroll Lenderking sold 271 shares

What happened

• The filing reports that John Carroll Lenderking, SVP, Water Resources, received 1,054 restricted stock units (RSUs) that vested on Jul 1, 2026 at $7.26 per share (value $7,652), with 254 shares withheld to satisfy taxes (value $1,844).
• The filing also reports that on Sep 30, 2026 he exercised or converted derivative rights for 271 shares (exercise price $0.00) and those 271 shares were disposed to the issuer at $7.95 per share for $2,154. The filing includes a separate grant of 3 derivative shares on Sep 30, 2026.

Key details

• Transaction dates and prices:
  • Jul 1, 2026: Award/vesting of 1,054 RSUs at $7.26 per share (total $7,652).
  • Jul 1, 2026: Tax withholding of 254 shares at $7.26 per share (total $1,844).
  • Sep 30, 2026: Exercise/conversion of 271 derivative shares at $0.00.
  • Sep 30, 2026: Disposition to the issuer of 271 shares at $7.95 per share (total $2,154).
  • Sep 30, 2026: Grant of 3 derivative shares at $0.00.
• Shares owned after the transactions: not reported in the filing.
• Relevant footnotes from the filing:
  • Each RSU equals one share of common stock.
  • The 1,054 shares were restricted shares that were granted and vested on Jul 1, 2026.
  • 254 shares were withheld to satisfy tax withholding on the vesting of the 1,054 restricted shares.
  • The RSUs are exercisable at vesting and do not have a set expiration date.
  • The totals include prior grants with different vesting and expiration dates.
• Filing timeliness: timeliness not indicated in the filing.

Why it may matter

• The filing shows an exercise/conversion of derivative rights followed by an immediate disposition to the issuer on the same date, consistent with a cashless exercise and sale to cover obligations.
• The Jul 1, 2026 transaction was a vesting of RSUs with shares withheld to satisfy tax obligations, which is not a market sale by the insider.
• The filing does not show why the insider traded or why the company acted.